Centuries ago, classical economists presented ideas designed to promote wealth and prosperity ideas that provide the keys for unlocking the wealth of nations. Nations that promote these ideas prosper. Those that reject them do not. These ideas are as important and relevant today as they were centuries ago. Classical principles stem from the belief that each individual has God-given rights to liberty and freedom. Liberty and freedom form the foundation for key economic principles—free markets, limited government, individual property rights and a stable currency. Individuals free from an oppressive authority and free to respond to market forces provide benefits not just for themselves and their families; they provide benefits that extend to their entire nation. This book is about much more than a formula for economic success. It is also about policies designed to respect and promote human dignity.
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Robert Genetski's contributions in the world of economics and finance range from serving as chief economist for a major Midwest bank to teaching at New York University (NYU) and the prestigious University of Chicago's Graduate School of Business. He has been crowned a top-five speaker in the field of economics and finance, and is renowned for the simplicity with which he explains critical elements and classical principles of economics. After receiving his PhD in economics from NYU, he worked in the banking industry and subsequently founded of his own economic and financial consulting service. He has served on the board of directors for several public companies and provides insights on his website www.classicalprinciples.com. He has also managed to author several other books, notably A Nation of Millionaires, Taking the Voodoo out of Economics, and Winning With Money. Having made a name for himself in the Who's Who in Finance and Industry, he also writes regularly for Japan's leading business newspaper, Nikkei Financial Daily. He has been a longtime advocate of classical economic principles. In early 2008 he warned of a financial collapse, six months before it occurred. The bottom line in all of these predictions is that negative results correlate with a shift away from the implementation of classical economic principles and vice versa. Classical Economic Principles & the Wealth of Nations reiterates the economic formula that has catapulted the United States to the top for so many years.
Dr. Genetski has been a longtime advocate of classical economic principles. Not unlike Adam Smith in "The Wealth of Nations, " Dr. Genetski has used his knowledge of these principles to create economic forecasts, from correctly predicting stagnation in 1977, an economic revival in the 1980s and 1990s, to historically low interest rates in 2001. In early 2008 he warned of a financial collapse, six months before it occurred. The bottom line in all of these predictions is that the negative predictions correlate with a shift away from the implementation of the classical economic principles and vice versa.
Ultimately, Dr. Robert Genetski's illustrious credentials make him the ideal fit to author "Classical Economic Principles and the Wealth of Nations" in an attempt to reiterate the economic formula that has catapulted the United States to the top for so many years.
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